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a. Life cycle costing (LCC) Analysis in the multi-disciplinary activity. An analyst, involved in life cycle costing, should be fully familiar with unique cost elements
a. Life cycle costing (LCC) Analysis in the multi-disciplinary activity. An analyst, involved in life cycle costing, should be fully familiar with unique cost elements involved in the life cycle of assets, sources of cost data to be collected and financial principles to be applied. Discuss three stages of life cycle costing giving practical examples. b. Discuss the limitations of the management control system with reference to the banking industry. c. Discuss the benefits of a management control system giving appropriate examples
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